Wall Street started off another week in the dumps, as markets took a nosedive to end today’s trading session. By the time the day came to a close, the Dow had lost just over 100 points while the S&P 500 suffered losses of 1.2%. Gold experienced yet another rough day as investors have seemingly lost confidence in what was once considered one of the last safe haven investments on the market. Many feel that a flailing euro and uncertain equities means that gold may be headed for losses, with the precious metal dipping 0.2% on the day. Despite the losses that most equities saw, crude oil was able to jump about 0.4% as the commodity remains at what many feel is a depressed price [see also 12 High-Yielding Commodities For 2012]. The financial sector led losses on the day as Bank of America saw its prices dip below $5 for the first time [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: EWY Leads Sell Off, VXX Soars Amidst Uncertainty Daily ETF Roundup: XLF Sinks On JPM Earnings, DBA Rises On Livestock Strength Daily ETF Roundup: DBB Sinks On Copper’s Slide, DBA Jumps On Grains’ Surge Daily ETF Roundup: VXX Surges On Market Panic, EWY Sinks On Recession Fears Daily ETF Roundup: DBA Slumps On Grain Hopes, IYT Surges On Railroad Strength
Wall Street started off another week in the dumps, as markets took a nosedive to end today’s trading session. By the time the day came to a close, the Dow had lost just over 100 points while the S&P 500 suffered losses of 1.2%. Gold experienced yet another rough day as investors have seemingly lost confidence in what was once considered one of the last safe haven investments on the market. Many feel that a flailing euro and uncertain equities means that gold may be headed for losses, with the precious metal dipping 0.2% on the day. Despite the losses that most equities saw, crude oil was able to jump about 0.4% as the commodity remains at what many feel is a depressed price [see also 12 High-Yielding Commodities For 2012]. The financial sector led losses on the day as Bank of America saw its prices dip below $5 for the first time [...]
Click here to read the original article on ETFdb.com.
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